Guatemalan Exports Fall 4.6%
In the first four months of the year, export sales totaled $119 million, 4.6% less than the same period of the previous year.
Tuesday, June 9, 2009
According to data from the Bank of Guatemala, traditional exports (sugar, banana, coffee and cardamom) registered an increase of 20% but this was counteracted by a drop of 10.7% in the exports to Central America and a decline of 14% in exports to the remainder of the world.
During the first five months of 2013 $1.1067 billion worth of goods were sold abroad, while in the same period in 2012 export revenues were $1.1852 billion.
The cause is a contraction in consumption in major markets for Guatemalan exports, mainly sugar, coffee and rubber.
Data from the Bank of Guatemala (Banguat) also showed a decrease in export volumes which amounted to 137 million kilos, 28.3% less than the 191 million kilos in the same period in 2011.
The country sold $3.219 in the first 10 months of 2009, down from $3.907 million in the same period of 2009.
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